01990cam a22002657 4500001000700000003000500007005001700012008004100029100002300070245013700093260006600230490004200296500001600338520079400354530006101148538007201209538003601281690010601317690009101423700001601514710004201530830007701572856003801649856003701687w10378NBER20150331142537.0150331s2004 mau||||fs|||| 000 0 eng d1 aBlonigen, Bruce A.10aInappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studiesh[electronic resource] /cBruce A. Blonigen, Miao Wang. aCambridge, Mass.bNational Bureau of Economic Researchc2004.1 aNBER working paper seriesvno. w10378 aMarch 2004.3 aThis paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between LDCs and DCs in their analysis. First, we find that the underlying factors that determine the location of FDI activity across countries vary systematically across LDCs and DCs in a way that is not captured by current empirical models of FDI. Second, the effect of FDI on economic growth is one that is only supported for LDCs in the aggregate data, not DCs. Third, the evidence suggests that FDI is much less likely to crowd out (more likely to crowd in) domestic investment for LDCs than DCs. aHardcopy version available to institutional subscribers. aSystem requirements: Adobe [Acrobat] Reader required for PDF files. aMode of access: World Wide Web. 7aF2 - International Factor Movements and International Business2Journal of Economic Literature class. 7aO4 - Economic Growth and Aggregate Productivity2Journal of Economic Literature class.1 aWang, Miao.2 aNational Bureau of Economic Research. 0aWorking Paper Series (National Bureau of Economic Research)vno. w10378.4 uhttp://www.nber.org/papers/w1037841uhttp://dx.doi.org/10.3386/w10378